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Found 8 results

  1. 7,492,842 vs 7,197,456 for last year, an increase of 4.1%. http://www.admtl.com/en/node/10866
  2. August 7, 2008 VIA plans to invest $25 million to modernize Ottawa-Montreal railway infrastructure MONTREAL As part of the Government of Canada’s $692 million dollar investment to improve passenger rail service, VIA Rail Canada has announced it plans to invest more than $25 million on a multi-phase, multi-year program to modernize key parts of its rail infrastructure between Ottawa and Montréal. These improvements are part of VIA Rail’s overall capital investment plan. In this first phase, upgrades to the Ottawa-Montréal line will include the addition of a .76-km long passing track (siding) approximately 16 kilometres east of Ottawa, near Carlsbad Springs, a project which will be carried out by PNR RailWorks Inc. The siding will be constructed with remote-controlled power switches tied into the existing Centralized Traffic Control (CTC) system and Rail Traffic Control (RTC) dispatch system. The siding will also be equipped with a back track (additional track adjacent to the siding) for the storage of maintenance equipment, when required. VIA will also be installing new continuously-welded rail and performing other associated track work over some 40 track-miles between Coteau, Québec and Moose Creek, Ontario. This work, which is expected to be completed within the next few months, will be carried out by Total Track. Some trains on the Montréal-Ottawa route may experience minor delays while this work is being completed. Additionally, structural rehabilitation of the bridge over the South Nation River in Casselman, a project which has been awarded to SEMA Railway Structures, will also be completed. Improvements to VIA’s Ottawa station are also planned. VIA will be modernizing and improving the layout of the public washrooms, ticket office, baggage operations and Panorama (VIA 1) lounge. The lounge will also be enlarged to accommodate increased demand. As part of these renovations, VIA will be making both technological and environmental improvements to the station. The general contractor chosen for the project is Terlin Construction Ltd. of Ottawa. CSV Architects Inc. and Norr Ltd., also of Ottawa, will provide design and engineering support. Work on this project, worth some $500,000, will begin shortly and is expected to be completed by this fall. “These initiatives will improve comfort, speed, ride quality and reliability,” said VIA Rail president and chief executive officer Paul Côté. “They will also enhance overall safety, and increase scheduling flexibility and capacity for additional trains. Just as importantly”, he noted, “a more efficient operation will also contribute to reductions in fuel consumption and greenhouse gas emissions.” “The projects on VIA’s Montréal-Ottawa route are part of the $692 million in new funding this government announced in 2007 as part of its commitment to providing Canadians with safe, reliable and sustainable passenger rail service,” said federal Transport Minister Lawrence Cannon.
  3. Aeroports de Montreal Releases its Fiscal 2006 Results - Passenger traffic up by 5.0% - Revenues increase by 12.5% - EBITDA rises by 13.0% MONTREAL, QUEBEC--(CCNMatthews - March 7, 2007) - Aeroports de Montreal today announced its audited consolidated financial results for the fiscal year ended December 31, 2006. These results are accompanied by data on passenger traffic and aircraft movements at Montreal-Trudeau and Montreal-Mirabel international airports. Highlights EBITDA (excess of revenues over expenses before interest, income taxes, amortization and share in the net gain of investments at equity value) totalled $117.1 million for the year, an increase of $13.5 million, or 13.0%, over fiscal 2005. During fiscal 2006, the Corporation continued work on its various capital investment programs, mainly at Montreal-Trudeau. Work focused on modernization of the domestic jetty and expansion of the domestic arrivals hall, among other areas. In addition, excavation and foundation work progressed for the future transborder departures area and the hotel. The Corporation invested a total of $83.0 million during fiscal 2006, compared to $192.5 million in 2005. Investments in the airports are financed by cash flows from airport operations, including airport improvement fees ($46.7 million), and by long-term debt ($36.3 million). In early October, the International Centre for Settlement of Investment Disputes (ICSID) rendered its decision in the case of the illegal expropriation of Budapest-Ferihegy International Airport on January 1, 2002. The Hungarian government complied with the verdict and paid the agreed amount of $97.7 million Cdn ($83.8 million US). In accordance with existing agreements, Aeroports de Montreal's subsidiary is entitled to 55% of this amount, or $53.7 million Cdn ($46.1 million US). The related accounting gain is reflected in the share in the net gain of investments at equity value, which totals $36.6 million Cdn. Results Consolidated revenues were $285.2 million for fiscal 2006, an increase of $31.8 million, or 12.5%, over the previous year. Aeronautical and commercial revenues were the main contributors to this increase. Operating costs (excluding municipal taxes) were $105.7 million for the year, up $7.6 million or 7.7%, from 2005. This variance is partly due to the normal increase in operating costs following the June 2005 start-up of the new international jetty at Montreal-Trudeau. Municipal taxes were up by 9.6% for the year under review, rising to $34.1 million in fiscal 2006 from $31.1 million in 2005. This increase is attributable to Montreal-Trudeau's higher property valuation following the start-up of the new facilities that are part of the airport expansion program. ADM is the most taxed Canadian airport authority, paying up to four times more per passenger than the other major Canadian airports. Like many other companies, ADM considers EBITDA to be the best indicator for judging the Corporation's ability to meet its financial obligations. EBITDA was $117.1 million for the year under review, against $103.6 million for 2005, an increase of $13.5 million, or 13.0%. Amortization was $72.1 million in 2006, representing an increase of $7.0 million, or 10.8%, over the prior year. This increase is mainly due to the start-up of several new facilities at Montreal-Trudeau, including the international jetty (June 2005), the public international arrivals hall (December 2005) and the new multi-level parking lot (February 2006). Interest on long-term bonds totalled $68.9 million for the period under review, up $18.0 million, or 35.4%, over fiscal 2005. This variance is attributable to a decrease in the amount of capitalized interest on construction in progress, as well as the issuance of a new series of revenue bonds in September 2005. The Corporation reported an excess of revenues over expenses of $19.2 million for the fiscal year ended December 31, 2006, compared with a shortfall of $14.2 million for the prior year, an improvement of $33.4 million. This variance is mainly due to the increase in the share of earnings of Aeroports de Montreal's subsidiary (including the accounting gain resulting from the compensation awarded for the expropriation of Budapest-Ferihegy International Airport) and the higher EBITDA, all of which was offset by the increased financing expenses and amortization. Financial highlights: For the year ended December 31: ------------------------------------------------------------------- (in millions of dollars) 2006 2005 Variance (%) ------------------------------------------------------------------- Revenues 285.2 253.4 12.5 ------------------------------------------------------------------- Operating costs (excluding municipal taxes) 105.7 98.1 7.7 Municipal taxes 34.1 31.1 9.6 Rent paid to Transport Canada 21.8 20.8 4.8 Amortization 72.1 65.1 10.8 Interest on long-term bonds 68.9 50.9 35.4 ------------------------------------------------------------------- Total expenses 302.6 266.0 13.8 ------------------------------------------------------------------- Shortfall of revenues over expenses (before share of investments at equity value) (17.4) (12.6) 38.1 ------------------------------------------------------------------- ------------------------------------------------------------------- Share in the net gain (loss) of investments at equity value 36.6 (1.6) 2,387.5 ------------------------------------------------------------------- Excess (shortfall) of revenues over expenses 19.2 (14.2) 235.2 ------------------------------------------------------------------- ------------------------------------------------------------------- Cash flows from operating activities (before changes in non-cash working capital items) 46.7 49.4 (5.5) ------------------------------------------------------------------- EBITDA 117.1 103.6 13.0 ------------------------------------------------------------------- Passenger traffic Passenger traffic at Montreal-Trudeau increased by 5.0% in 2006, to a new record of 11.4 million passengers enplaned/deplaned. International traffic showed the greatest increase at 6.9%, compared with 4.7% and 3.2% for the domestic and transborder sectors respectively. Passenger traffic ---------------------------------------------------------------- ---------------------------------------------------------------- Aeroports de Montreal 2006 2005 Variance (%) ---------------------------------------------------------------- ---------------------------------------------------------------- January 903,352 895,265 0.9 February 870,153 854,276 1.9 March 997,014 930,222 7.2 ---------------------------------------------------------------- ---------------------------------------------------------------- 1st quarter 2,770,519 2,679,763 3.4 ---------------------------------------------------------------- ---------------------------------------------------------------- April 916,582 860,345 6.5 May 938,606 866,926 8.3 June 999,814 957,146 4.5 ---------------------------------------------------------------- ---------------------------------------------------------------- 2nd quarter 2,855,002 2,684,417 6.4 ---------------------------------------------------------------- ---------------------------------------------------------------- July 1,054,221 1,042,952 1.1 August 1,091,206 1,054,465 3.5 September 976,930 952,257 2.6 ---------------------------------------------------------------- ---------------------------------------------------------------- 3rd quarter 3,122,357 3,049,674 2.4 ---------------------------------------------------------------- ---------------------------------------------------------------- October 940,368 905,132 3.9 November 824,452 756,767 8.9 December 921,372 817,025 12.8 ---------------------------------------------------------------- ---------------------------------------------------------------- 4th quarter 2,686,192 2,478,924 8.4 ---------------------------------------------------------------- ---------------------------------------------------------------- Entire year 11,434,070 10,892,778 5.0 ---------------------------------------------------------------- ---------------------------------------------------------------- Source: Aeroports de Montreal, preliminary figures Aircraft movements There were a total of 235,393 aircraft movements at Aeroports de Montreal in fiscal 2006, representing a 1.5% increase over 2005. Aircraft movements at Montreal-Trudeau rose by 2.5%, to 213,468, while those at Montreal- Mirabel dropped by 7.3%, to 21,925. Aircraft movements ------------------------------------------------------------------- 2006 2005 Variance (%) ------------------------------------------------------------------- Montreal-Trudeau 213,468 208,342 2.5 ------------------------------------------------------------------- Montreal-Mirabel 21,925 23,640 (7.3) ------------------------------------------------------------------- Aeroports de Montreal 235,393 231,982 1.5 ------------------------------------------------------------------- Source: Aeroports de Montreal, preliminary figures
  4. http://montrealgazette.com/news/local-news/trudeau-airport-sets-passenger-record-adm-says
  5. Calgary airport surpasses Montreal, becomes Canada's third busiest By Gina Teel, Calgary Herald YYC, otherwise known as the Calgary International Airport, reported a 2.0 per cent jump in passenger volume in 2008, enough to see it move up to become Canada’s third busiest airport. The increase in passenger traffic in2008 pushed YYC to 12.5 million passengers annually, moving YYC to the third busiest airport in Canada, after Toronto and Vancouver. In 2007, the Calgary International saw 12.2 million passengers, rendering it Canada’s fourth-busiest airport behind Toronto, Vancouver and Montreal. During 2008, the airport welcomed Lufthansa and Mexicana Airlines with new scheduled non-stop service to Frankfurt and Mexico City, respectively, YYC said. Most recently, KLM announced new service to Amsterdam beginning May 2009, increasing passengers’ options for non-stop service to Europe. Garth Atkinson, president and chief executive of the Calgary Airport Authority, said the airport is well positioned to continue to grow and develop as Alberta’s economic gateway to the world. “YYC will continue to move forward with our mandate to focus on growing Calgary International Airport to meet the needs of our growing community and region,” he stated.
  6. [video=youtube;WH-3FsmU6KQ] At Amtrak we know the future of the Northeast Corridor (NEC) depends on the investments we make today, which is why we are excited to announce the upcoming arrival of the next-generation of high-speed rail. The new trainsets will replace the current Acela Express equipment and begin service in 2021. As part of this multi-faceted modernization program, Amtrak is also investing in the infrastructure needed to improve your customer experience onboard the train and in major NEC stations including Washington Union Station and Moynihan Station New York. This investment will expand and modernize the Acela Express service you’ve come to expect, while adding the amenities and ride quality of international high-speed train services. This next-generation of Acela Express will give you a more comfortable and productive travel experience throughout your entire journey. Just a few of the new amenities include: Approximately one-third more passenger seating, while preserving the spacious, high-end comfort found onboard today Modern interior design Improved Wi-Fi access and quality Personal outlets, USB ports and adjustable reading lights at every seat Enhanced food service options Exceed the ADA minimum accessibility requirements By adding 40-percent more trainsets than the current Acela Express fleet, we are providing you with more travel options. Upon delivery of the new trainsets, Acela Express service will be offered every half-hour between Washington, D.C. and New York City during peak times, and every hour between New York City and Boston throughout the day. This expanded fleet will give you more departure options during peak travel times. The new trainsets are among the safest, most reliable and energy efficient in the world. They have a 35-year track record of transporting billions of customers to their destinations safely. In reliability, we anticipate the new trainsets will be at least eight times more reliable than the equipment it replaces, ensuring that we will get you where you need to go on time, every time. Finally, the new trainsets will reduce operating energy consumption by at least 20 percent, through a combination of minimal aerodynamic drag and lightweight design. This is the most significant investment Amtrak has made in its infrastructure and technology in the 45 years of providing passenger rail service to the American public and it was important to us that these trainsets be “Made in America” as much as possible. For this project, we are pleased to be partnering with Alstom, a leading global provider of innovative systems and equipment in the railway sector. Alstom will be building these new trainsets in New York State, with 95 percent of the trainset’s components being made in America, and parts coming from more than 350 suppliers in over 30 U.S. states. We look forward to having you join us on this journey as we work to revolutionize high-speed passenger rail in the country, support the American economy and continue to provide you with a reliable, smooth and efficient ride as you travel throughout the Northeast. Continue to check back here for more details on the progress of next-generation high-speed rail on the Northeast Corridor. Amtrak’s Next-Generation of High-Speed Trains - blog.amtrak.com
  7. Passenger growth down, revenues up at Trudeau The Gazette Published: 1 hour ago Passenger traffic at Montreal-Trudeau International Airport grew by a lacklustre 0.4 per cent during the second quarter of 2008, as the economic slowdown in the U.S. drove down transborder traffic by four per cent, the Aéroports de Montréal said today. For the first six months of 2008, traffic at Montreal-Trudeau rose 2.8 per cent to 6.3 million passengers over the same period in 2007, mostly fueled by international flights. While an increase in payroll and pension payments drove up operating costs by 8.6 per cent during the first six months of fiscal 2008, revenues as of June 30, 2008 were up by $24.8 million, a 15.9 per cent rise over the half-year figure for 2007. The increase is mainly attributable to increased aeronautical fees and airport improvement fees, as well as small growth in passenger traffic, the airport authority said. Airport fees are now being contested by carriers who have asked the ADM for a break as they struggle with high fuel prices. The ADM usually sets its rates during the fall. And the authority appears to have some leeway. For the second quarter of 2008, the ADM made $2.6 million in revenues, over expenses, up from $2.3 million during the same period a year earlier. For the first half of the year, the airport authority made $11 million in net earnings, compared to $2.4 million for the same period in 2007.